Hedge Funds Are Betting On A. O. Smith Corporation (AOS)

Page 1 of 2

A. O. Smith Corporation (NYSE:AOS) was in 11 hedge funds’ portfolio at the end of March. AOS shareholders have witnessed an increase in hedge fund interest in recent months. There were 10 hedge funds in our database with AOS positions at the end of the previous quarter.

A. O. Smith Corporation (NYSE:AOS)In the 21st century investor’s toolkit, there are plenty of metrics shareholders can use to watch publicly traded companies. A duo of the most innovative are hedge fund and insider trading activity. At Insider Monkey, our studies have shown that, historically, those who follow the top picks of the top investment managers can trounce the S&P 500 by a significant amount (see just how much).

Equally as beneficial, positive insider trading sentiment is another way to break down the marketplace. There are lots of reasons for a bullish insider to downsize shares of his or her company, but just one, very clear reason why they would buy. Several empirical studies have demonstrated the market-beating potential of this method if investors understand what to do (learn more here).

Now, let’s take a peek at the latest action surrounding A. O. Smith Corporation (NYSE:AOS).

How are hedge funds trading A. O. Smith Corporation (NYSE:AOS)?

Heading into Q2, a total of 11 of the hedge funds we track were bullish in this stock, a change of 10% from the previous quarter. With the smart money’s sentiment swirling, there exists a few notable hedge fund managers who were upping their stakes considerably.

Of the funds we track, Columbus Circle Investors, managed by Donald Chiboucis, holds the biggest position in A. O. Smith Corporation (NYSE:AOS). Columbus Circle Investors has a $47.6 million position in the stock, comprising 0.4% of its 13F portfolio. The second largest stake is held by Chuck Royce of Royce & Associates, with a $36.6 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Cliff Asness’s AQR Capital Management, Israel Englander’s Millennium Management and Jim Simons’s Renaissance Technologies.

Now, key hedge funds were breaking ground themselves. Renaissance Technologies, managed by Jim Simons, established the most valuable position in A. O. Smith Corporation (NYSE:AOS). Renaissance Technologies had 4.2 million invested in the company at the end of the quarter. D. E. Shaw’s D E Shaw also made a $1.3 million investment in the stock during the quarter. The only other fund with a new position in the stock is Jacob Gottlieb’s Visium Asset Management.

Insider trading activity in A. O. Smith Corporation (NYSE:AOS)

Insider trading activity, especially when it’s bullish, is most useful when the company we’re looking at has experienced transactions within the past six months. Over the latest half-year time frame, A. O. Smith Corporation (NYSE:AOS) has seen zero unique insiders buying, and 13 insider sales (see the details of insider trades here).

Let’s also examine hedge fund and insider activity in other stocks similar to A. O. Smith Corporation (NYSE:AOS). These stocks are General Cable Corporation (NYSE:BGC), EnerSys (NYSE:ENS), Belden Inc. (NYSE:BDC), Woodward Inc (NASDAQ:WWD), and REGAL-BELOIT CORPORATION (NYSE:RBC). This group of stocks are the members of the industrial electrical equipment industry and their market caps match AOS’s market cap.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!